CGB Green Liberty Notes LLC, a subsidiary of the Connecticut Green Bank, proudly launches its eighth Green Liberty offering today. The crowdfunding campaign is made possible with Raise Green, an award-winning online marketplace for impact investing. Through this offering, Connecticut residents and citizens nationwide can support small businesses in improving their energy efficiency and reducing energy costs.
"We are pleased to see demand for these notes continually increasing, as demonstrated earlier this summer when we surpassed the maximum raise of $350,000 during our seventh offering. We've raised over $1.5 million through the seven offerings to date, which helps small businesses reduce energy costs and allows our investors to earn a competitive return while being great environmental stewards," said Bryan Garcia, President and CEO of the Connecticut Green Bank.
Notes may be purchased through the online platform without a broker, with a $100 minimum. The previous Green Liberty offering was the fifth consecutive offer to surpass its maximum raised amount, so interested investors are encouraged to act quickly. To date, 60% of investments have been $1,000 or less, with buyers from 35 states nationwide, and more than half of the investors have been Connecticut residents.
Investors from the fourth round of Green Liberty Notes (which is now reaching the end of its term) can reinvest their principal and interest in this latest offering. Anyone who invested in the fourth and invests in this offering, either by reinvesting their principal and interest or by investing a different amount, will receive an interest rate increase as a thank-you for their early support of the Green Liberty Notes.
Investments in the Green Liberty offering support Eversource's Small Business Energy Advantage (SBEA) program, which enables small businesses in Connecticut to reduce their energy costs through efficiency upgrades and zero-interest loans.
As a result of the climate benefits associated with the SBEA program, this Green Liberty offering has been reviewed and verified for its environmental attributes by Kestrel.
For more information about the investment opportunity, please visit invest.ctgreenbank.com.
About the Connecticut Green Bank
The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation's first state-level green bank and has since supported the creation of more than 27,000 green jobs in the state, while reducing the energy cost burden on over 68,000 families, businesses, and nonprofits. The Green Bank's vision is a planet protected by the love of humanity and its mission is to confront climate change by increasing and accelerating investment into Connecticut's green economy to create more resilient, healthier, and equitable communities. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and Innovation for their "Sparking the Green Bank Movement" entry. To date, the Green Bank has mobilized nearly $2.5 billion into the State's green economy. This has reduced the energy costs for thousands of families and businesses, and reduced greenhouse gas emissions that cause climate change and worsen public health.
For more information about the Connecticut Green Bank, please visit www.ctgreenbank.com.
About Raise Green
Raise Green is the first marketplace in the U.S. for local and inclusive impact investment into climate solutions. On Raise Green's investor marketplace, anyone (individuals and institutions) can invest in community-focused climate infrastructure and resilience projects across a varied range of project scales and minimum investments. Raise Green gives solar developers the tools to cut soft costs and easily access financing for up to $5M per year. Investors can create quantifiable impacts in local communities, as well as receive financial returns if the project is successful.
For More Information, Contact:
Rudy Sturk (rudy.sturk@ctgreenbank.com)
